News
Huntington Ingalls Starts Work On Major Newport News Expansion
Joint Manufacturing Assembly Facility, Huntington Ingalls Industries, Newport NewsOn Monday, June 22, Huntington Ingalls Industries, the nation’s largest military shipbuilding company, celebrated the groundbreaking for its Joint Manufacturing Assembly Facility (JMAF) in Newport News. This new facility will support the construction of nuclear aricraft carriers and submarines.
Aging Population Sparks Senior Housing Company’s California Expansion
With the vast majority of the baby-boomer generation inching closer to the retirement age, American cities are finding that focusing on senior housing is a necessity. This also means that senior housing companies have a great opportunity at growth, one that Sunrise Senior Living is acting on. The company is ready to unveil its latest community in Burlingame, in the San Francisco metropolitan area.
Cleveland Residential Projects Receive Low-Income Housing Tax Credits
Two developers plan to start work on three affordable housing projects in Cleveland. And they’ll do it with the help of the state.
Canadian Investment Trust Lands Mortgages on FedEx Warehouses
Canadian investment trust Pure Industrial Real Estate Trust (PIRET) has expanded its industrial portfolio by obtaining financing for eight of 11 properties in a FedEx distribution center.
Corporate Expansion Brings Job Growth to Metro NOLA
Payroll-services company Netchex will be growing Greater New Orleans’ job base, the company announced, adding 240 new direct jobs at its Mandeville, La. corporate headquarters in St. Tammany Parish and investing $5.3 million.
Non-Profit Health Plan Leases Large Chunk of Downtown Office Tower
1111 Third Avenue, one of Seattle’s tallest skyscrapers, just received a new tenant that will be taking over 16 percent of the space at the building. Community Health Plan of Washington has signed an agreement with the current owners which will see the not-for-profit organization move from its current location late next year.
Houston’s First Speculative LEED Platinum Campus Set for Success
Despite of the oil slump, activity in the Energy Corridor has been going strong.
On the Hunt for Commercial Assets in Texas
The legacy left behind in Texas by H. L. Hunt and his family is about to increase even further seeing as Hunt Midwest Enterprises, Inc. and Unity Hunt, Inc., the parent company for the Lamar Hunt family’s holdings, announced the launch of a new development and investment company.
Economy Watch Weekly: CRE Prices, Sales Volume Pause in April
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended June 19, 2015.
AustralianSuper Buys Stake in D.C. Office Portfolio
AustralianSuper, one of Australia’s largest pension funds, continues to expand its overseas portfolio of properties. The company has recently taken a large stake in an eight-building office portfolio in Washington, D.C.
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